New York-based insurer AmTrust Financial Services has added Jeffrey Batt and Michelle Ingrassia to its cyber insurance team.
Batt, who has been appointed as Vice President, Head of Cyber Strategy & Innovation, arrives from M&T Bank where he was the Cyber Insurance Practice Leader.
Previously, he was Vice President in the Marsh Cyber Practice. For six years he was an Associate Deputy General Counsel at the U.S. Department of Defence.
Ingrassia, AmTrust’s new Vice President, Cyber Product & Underwriting Management joins after seven years with Beazley where she was most recently an attorney for its Cyber & Tech division. Prior to that position she was with The Falcigno Group, based in Connecticut.
Both appointments will take place effective immediately, reporting to Aaron Basilius, AmTrust’s cyber insurance leader Basilius served as managing counsel for Beazley’s Cyber & Tech division.
Basilius commented: “In the last year, with cyberattacks and data breaches on the rise, we have seen the demand for cyber insurance grow dramatically, especially in AmTrust’s core small business market. We are delighted that Jeffrey and Michelle have joined our growing team as we build out AmTrust’s cyber insurance offerings.
“Our team draws on many years of broad practical experience in the dynamic global cyber insurance market. As cyber risk increasingly affects businesses of all types and sizes, we expect our group and practice to become an important new growth area for AmTrust.”